Viavi Solutions Inc. (NASDAQ:VIAV) Q3 2022 Earnings Conference Call May 3, 2022 4:30 PM ET
Company Participants
Sagar Hebbar – Head-Investor Relations
Henk Derksen – Chief Financial Officer
Oleg Khaykin – President and Chief Executive Officer
Conference Call Participants
Alex Henderson – Needham
Tim Savageaux – Northland Capital Markets
Samik Chatterjee – JPMorgan
Karan Juvekar – Morgan Stanley
Operator
Good afternoon, and thank you for standing by. Welcome to the Viavi Fiscal Third Quarter 2022 Earnings Call. [Operator Instructions]
I will now turn the conference over to Head of Investor Relations, Mr. Sagar Hebbar. Please go ahead.
Sagar Hebbar
Thank you, Sarah. Welcome to Viavi Solutions third quarter fiscal year 2022 earnings call. My name is Sagar Hebbar, Head of Investor Relations and Corporate FP&A. Joining me on today’s call are Oleg Khaykin, President and CEO; and Henk Derksen, CFO.
Please note, this call will include forward-looking statements about the company’s financial performance. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations and estimations. We encourage you to review our most recent annual report and SEC filings, particularly the Risk Factors described in those filings. The forward-looking statements, including guidance we provide during this call, are valid only as of today. Viavi undertakes no obligation to update these statements.
Please also note that unless we state otherwise, all results, excess revenue are non-GAAP. We reconcile these non-GAAP results to our preliminary GAAP financials and discuss their usefulness and limitations in today’s earnings release. The release, plus our supplemental earnings slides, which include historical financial tables, are available on Viavi’s website.
Finally, we are recording today’s call and will make the recording available by 4:30 p.m. Pacific Time this evening on our website.
I would now like to turn the call over to Henk.
Henk Derksen
Thank you, Sagar. Sagar has been with Viavi for more than six years as Head of Corporate Financial Planning and Analysis and now assumes the additional role as Head of Investor Relations. Bill Ong recently left the firm to pursue a new opportunity after having been with Viavi and formerly JDSU, for more than eight years, and we wish him great success in his future endeavors.
Now on to Viavi Q3 results. Fiscal Q3 is a record for Viavi’s March quarter for both revenue and non-GAAP profitability. Third quarter revenue came in at $315.5 million, up 4% year-over-year, exceeding a guidance range of $301 million to $315 million. Growth was primarily driven by continued solid performance in our NSE business segment an improving sequential performance in our OSP segment, albeit down year-over-year.